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Mar 13, 2013
03/13
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of reforming the tax -- for the purpose of reforming the tax code, bringing down marginal tax rates for businesses and individuals, he wants to raise taxes again. there is a bipartisan consensus, however, that tax reform should lower the rates and broaden the base. indeed, those were the recommendations of the simpson-bowles commission and the dim-rivlin panel as well. but as i said, the president wants to use what he calls tax reform as a trojan horse to raise taxes again. he argues that we won't have a balanced approach to deficit reduction unless we pass another massive tax hike, and that's after the president raised taxes by $600 billion in january muc. from what i understand, our friends across the aisle, senator murray as the chairman of the senate budget committee, are about to unjail a budget proposal -- unveil a budget proposal that would raise taxes again by at least $1 trillion. now, i realize if you think that government is the answer to almost every question that comes up with america today, that you're going to need bigger government, more intrusive government funded b
of reforming the tax -- for the purpose of reforming the tax code, bringing down marginal tax rates for businesses and individuals, he wants to raise taxes again. there is a bipartisan consensus, however, that tax reform should lower the rates and broaden the base. indeed, those were the recommendations of the simpson-bowles commission and the dim-rivlin panel as well. but as i said, the president wants to use what he calls tax reform as a trojan horse to raise taxes again. he argues that we...
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Mar 18, 2013
03/13
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KPIX
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democrats budget plan would net $1 trillion from cutting tax loopholes. republicans propose overhauling medicare, rolling back healthcare reform and making other cuts. >>> the defense department released the names of five u.s. service members killed when their helicopter went down in afghanistan last monday during a rainstorm. the dead were identified as staff sergeant steven blast of iowa chief officer henderson and captain sarah nut son of maryland. all of them were 27. also killed were 31-year-old staff sergeant mark sealdo of map m the, florida and zackery shannon of florida. the military says there was no enemy activity in the area at the time of the crash. >>> the fear is different. >> ten years since the beginning of the war. how people in that country say life changed. >> and a spectacular sight overseas. the volume can in this case blast that sent lava flying nearly 10,000 feet. >>> and madonna once again making a statement, a comment she made in support of the gay and lesbian community. if you like shrimp then you're going to love sizzler's shri
democrats budget plan would net $1 trillion from cutting tax loopholes. republicans propose overhauling medicare, rolling back healthcare reform and making other cuts. >>> the defense department released the names of five u.s. service members killed when their helicopter went down in afghanistan last monday during a rainstorm. the dead were identified as staff sergeant steven blast of iowa chief officer henderson and captain sarah nut son of maryland. all of them were 27. also killed...
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Mar 14, 2013
03/13
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instead of providing targeted tax cuts to working class families, the republican budget increases tax breaks for the wealthiest in the country at the expense of middle income taxpayers who will pay an average of $2,000 per family. instead of solidifying the safety net for our seniors, the republican budget guts it by trading medicare into a voucher program and instead of healing our still fragile housing market, the republican budget refuses to protect the mortgage interest deductions that our middle class families depend upon. what we should be doing is working together to put the american dream back within the reach for our middle class. i yield back. the speaker pro tempore: the gentlewoman yields back. for what purpose does the gentleman from kansas rise? >> unanimous consent to address the house for one minute. revise and extend my remarks. the speaker pro tempore: without objection, the gentleman is recognized for one minute. >> mr. speaker, i have made it a priority since day one to support pro-growth, pro-job legislation that encourages entrepreneurship and sports innovation.
instead of providing targeted tax cuts to working class families, the republican budget increases tax breaks for the wealthiest in the country at the expense of middle income taxpayers who will pay an average of $2,000 per family. instead of solidifying the safety net for our seniors, the republican budget guts it by trading medicare into a voucher program and instead of healing our still fragile housing market, the republican budget refuses to protect the mortgage interest deductions that our...
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Mar 13, 2013
03/13
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> the actress gwenneth pagaigw has a new cookbook "it's all good" is the name and her family, including her 8-year-old daughter apple and 6-year-old son moses don't eat pasta, bread, rice, other carbs. everyone in her house is gluten and dairy intolerant. we sometimes don't eat pasta, bread, white rice, we are left with a specific hunger that comes with avoiding carbs. i didn't realize they were all gluten inly to rent. >> but her name is apple, and she can't eat fruit? >> that's an interesting connection. >> is that a realistic way to live? how long can you keep that up? >> you don't eat all of this all the time. >> cutting out pasta bread, rice. some of those things very processed.
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> the actress gwenneth pagaigw has a new cookbook "it's all good" is the name and her family, including her 8-year-old daughter apple and...
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Mar 18, 2013
03/13
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CNBC
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i haven't been spending my life trying to figure out how to transfer wealth and not have taxes and all of that so there can be a dynasty of all kinds of little buffetts going around for hundreds of years never having to do anything. >> but don't cry for those little buffetts. howard, his brother, peter, and sister, susan, have gotten multimillion-dollar gifts of money and berkshire hathaway stock from their parents. so while he's not on the fortune 500, howard is by any measure a wealthy man. on top the outright gifts, each buffett child is getting $1 billion to go toward their philanthropy. but all that pales next to the $31 billion that's going to the gates foundation. so did you know, as far back as you can remember, that you were not going to inherit his money? >> yeah, yeah. >> you've sort of always known that as you were growing up? >> yeah. and from time to time, that was a little frustrating. >> 'cause you wanted it, or what do you mean? >> well, i just mean, you know, you feel like that there are a lot of things you could do if you had more money. and i think that way even in
i haven't been spending my life trying to figure out how to transfer wealth and not have taxes and all of that so there can be a dynasty of all kinds of little buffetts going around for hundreds of years never having to do anything. >> but don't cry for those little buffetts. howard, his brother, peter, and sister, susan, have gotten multimillion-dollar gifts of money and berkshire hathaway stock from their parents. so while he's not on the fortune 500, howard is by any measure a wealthy...
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Mar 16, 2013
03/13
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job killingur michigan business tax, replacing it with a simple, fair, efficient corporate tax while we rolled back the income tax rates for hard-working michigan families. as chair of the house education committee, we are hard at work reforming our education system by giving parents and no student opportuny in challenging the status quo. thently, michigan became 24th right to work state in the country. [applause]if we can do it in michigan, if we can do it in michigan, the birthplace of the union, we can do it anywhere. let me tell you what we're doing. personal income is rising. unemployment has declined. we have the second-highest economic growth rate in the country. we are the third best in high tech job growth. these results are real. while we have watched our largest cities struggle under decades of failed liberal policies. -- policies, we are optimistic about the future of michigan and of detroit. [applause]conservatism and common sense were the silver bullets. jennifer granholm just couldn't get -- bullets jennifer granholm just couldn't get. heededatives in michigan the call
job killingur michigan business tax, replacing it with a simple, fair, efficient corporate tax while we rolled back the income tax rates for hard-working michigan families. as chair of the house education committee, we are hard at work reforming our education system by giving parents and no student opportuny in challenging the status quo. thently, michigan became 24th right to work state in the country. [applause]if we can do it in michigan, if we can do it in michigan, the birthplace of the...
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Mar 19, 2013
03/13
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CSPAN2
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higher taxes support even higher spending. this is the typical tax and spend budget. this budget was crafted as if we don't even have a spending problem or a debt crisis. this budget assumes everything is just fine and everything will work out if we simply proceed forward on the current path of tax and spend. this budget represents a missed opportunity. you don't have to take my word for it. editorial writers across the country have made similar statements about this budget. a "washington post" editorial called it a complacent budget plan. they wrote that the majority budget fails to recognize the long-term fiscal problems. i'd like to quote -- "partisan in tone and complacent in subject. it scores points against republicans and reassures the political liberal base but deepens these senators' commitments to an unsustainable policy agenda." further quoting -- "in short, this document gives voters no reason to believe that democrats have a viable plan for or even a responsible public assessment of the country's long-term fiscal predicament." end quote. the "chicago trib
higher taxes support even higher spending. this is the typical tax and spend budget. this budget was crafted as if we don't even have a spending problem or a debt crisis. this budget assumes everything is just fine and everything will work out if we simply proceed forward on the current path of tax and spend. this budget represents a missed opportunity. you don't have to take my word for it. editorial writers across the country have made similar statements about this budget. a "washington...
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Mar 20, 2013
03/13
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taxes every year. nearly 30 million middle income americans would lose their health insurance because of the repeal of the affordable care act and tens of millions of the would lose coverage because of ryan's plan to gut medicaid. we can do better. it would destroy the commitment we made to our nation's seniors, by turning medicare into a voucher program. it would shift the rising cost of health care onto those very american who was already suffered deep financial shocks in the recent fiscal crisis. many of them have lost their homes, lost their health insurance, lost their jobs, lost equity in their homes, lost their savings, and yet we want the ryan -- and yet the ryan budget would break another promise to them. in a profoundly cynical mood the ryan budget would revoke those provisions of the affordable care act that would expand access to care while keeping in place the revenue generated by the act. the ryan budget also guts investments in science. job tructure and all the growth as well as the futu
taxes every year. nearly 30 million middle income americans would lose their health insurance because of the repeal of the affordable care act and tens of millions of the would lose coverage because of ryan's plan to gut medicaid. we can do better. it would destroy the commitment we made to our nation's seniors, by turning medicare into a voucher program. it would shift the rising cost of health care onto those very american who was already suffered deep financial shocks in the recent fiscal...
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Mar 15, 2013
03/13
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that and no new taxes all they can agree on. no new taxes but why hasn't president obama offered republicans a deal from his points of view? his version of a grand bargain to force the republic chance to say no and walk away from the table? he hasn't done that yet. >>> by the way, donald trump tweeted yesterday, really big crowd expected tomorrow at cpac for his speech. here's the really big crowd that showed up to see trumpy. an overflow audience. filled with empty chairs. that's "hardball" and we're playing it. this is the place for it. we'll be right back. stress sweat is different than ordinary sweat. it smells worse. get 4x the protection against stress sweat. introducing new secret clinical strength stress response scent. otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don't seem so...far away. ♪ >
that and no new taxes all they can agree on. no new taxes but why hasn't president obama offered republicans a deal from his points of view? his version of a grand bargain to force the republic chance to say no and walk away from the table? he hasn't done that yet. >>> by the way, donald trump tweeted yesterday, really big crowd expected tomorrow at cpac for his speech. here's the really big crowd that showed up to see trumpy. an overflow audience. filled with empty chairs. that's...
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Mar 13, 2013
03/13
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that's trillion with a t, in new taxes. including on the middle class. remember, washington democrats already got more than $600 billion in taxes this year. so where is this new revenue going to come from? charities? the home mortgage interest deduction? will they go after families and small businesses yet again? at least there's one thing we almost certainly know, their budget will never balance, not today, not tomorrow, not ever. if that was my vision for the country, and frankly i would want to hide from the american people too. look, a budget like that would be unmitigated disaster for our country. it would-be tray those who are going to need medicare when they retire. it would-be tray the younger americans who would be forced to grapple with the consequences of democrats failure to get serious about the debt. it would-be tray the hard-working middle class families that can not afford higher taxes especially in the obama economy. if that is the kind of budget senate democrats plan to offer it would sacrifice america's hopes for sustained economic rec
that's trillion with a t, in new taxes. including on the middle class. remember, washington democrats already got more than $600 billion in taxes this year. so where is this new revenue going to come from? charities? the home mortgage interest deduction? will they go after families and small businesses yet again? at least there's one thing we almost certainly know, their budget will never balance, not today, not tomorrow, not ever. if that was my vision for the country, and frankly i would want...
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Mar 15, 2013
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it feel like you're getting hit with a new tax coming right out of your pocket. every time it happens, politicians, they dust off their three-point plans for $2 gas, but nothing happens. then we go through the same cycle again. here's the thing. we haven't just talked about it. we've started to do something about it. we've work with auto company to put in place the toughest standards in our history. what that means is by the middle of the next decade, our cars will go twice as far on a gallon of gas. the standards that we set are part of what is driving some of the amazing scientists and engineers lou are working at argonne labs. we've set some achievable but ambitious goals. so in the middle of the next decade, we expect that you'll fill up half as often. which means you spend has as much. over the life of a new car, the average family will save more than $8,000 at the pump. that's worth applauding. that's big news. [ applause ] in fact, a new report issued today shows that america is becoming a global leader in advanced vehicles. you walk into any dealership to
it feel like you're getting hit with a new tax coming right out of your pocket. every time it happens, politicians, they dust off their three-point plans for $2 gas, but nothing happens. then we go through the same cycle again. here's the thing. we haven't just talked about it. we've started to do something about it. we've work with auto company to put in place the toughest standards in our history. what that means is by the middle of the next decade, our cars will go twice as far on a gallon...
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in those states that have a sales tax that the obligation to pay sales tax is on the individual consumer in other words if i walk into a store and i buy something for one hundred dollars and the sales tax in that state is four percent whether i give that four percent of the store owner or whether i mail it in at the end of the year to the state the obligation is on me to pay that four percent and when the stores collect at four percent they're basically doing it as a convenience to me now it's facilitated by the state to make sure that they get their money because most people won't at the end of the year add up all their receipts and say here's what i bought so are you with me so far on this i'm with you on that and it's in it's in the states are just not enforcing it this rush just on right words and so so basic but at and so what congress did when i think was the telecommunications act i could be wrong but sometime back in the eighty's or ninety's when congress said ok we're not going to have internet sales companies collect state income taxes in part it was that back in that day inter
in those states that have a sales tax that the obligation to pay sales tax is on the individual consumer in other words if i walk into a store and i buy something for one hundred dollars and the sales tax in that state is four percent whether i give that four percent of the store owner or whether i mail it in at the end of the year to the state the obligation is on me to pay that four percent and when the stores collect at four percent they're basically doing it as a convenience to me now it's...
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Mar 18, 2013
03/13
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we lowered the overall taxes for the first time in years. taxes on homes have gone down in each of the last two years. [applause] but when it comes to jobs under my predecessors terms wisconsin lost 300,000 jobs and just 10% of our employers were headed in the right direction. today we're gaining jobs and 93% of the employers says that wisconsin is heading in the right direction. we can leave with an optimistic message. simply put in we showed in our election who do you want in charge, the big government or do you want the hard working taxpayers, the hard working taxpayers win out and they will win out over and over again. in america, we need to show an optimistic message that we're not standing with the big businesses of america, we're standing with the hard-working taxpayers and this is the message that can resonate throughout this country. [applause] now, in addition to being optimistic we need to be relevent. what do i mean by that? in politics we talk in words like sequesters and fiscal cliffs. people in wisconsin, they talk to me about
we lowered the overall taxes for the first time in years. taxes on homes have gone down in each of the last two years. [applause] but when it comes to jobs under my predecessors terms wisconsin lost 300,000 jobs and just 10% of our employers were headed in the right direction. today we're gaining jobs and 93% of the employers says that wisconsin is heading in the right direction. we can leave with an optimistic message. simply put in we showed in our election who do you want in charge, the big...
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Mar 19, 2013
03/13
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KGO
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the city agreed to get rid of a 9.5 totel tax for teams and officials. the city expects to make money back. >>> coming up at 6:00 the first funds to build california high speed rail are proved how close the project is to getting started and the steigerwaldering amount of interest you'll be paying on it. also fighting cancer. a device local doctors are using to make sure cells are gone, for good. >> a south bay man taking a trip to the laundromat came away with $333,000 that. was a winning jackpot sunday in the fantasy 5 drawing. >> he fwheent this liquor store out doing laundry. wow he plans to use that money to put a down payment on a home. >> i feel lucky finding 5s ndz jeans. but that is lucky. >> that is going to do it for us. >> from all of us here, thanks for watching. >>> this is "world news." tonight, breaking news. tragedy averted. a college student with homemade bombs and hundreds of bullets allegedly on the verge of attack. and we tell you how his roommate may have saved the campus. pierre thomas standing by. >>> false positive. a new warning
the city agreed to get rid of a 9.5 totel tax for teams and officials. the city expects to make money back. >>> coming up at 6:00 the first funds to build california high speed rail are proved how close the project is to getting started and the steigerwaldering amount of interest you'll be paying on it. also fighting cancer. a device local doctors are using to make sure cells are gone, for good. >> a south bay man taking a trip to the laundromat came away with $333,000 that. was...
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Mar 17, 2013
03/13
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if you come talk about raising taxes, you are raising taxes on everybody and you better have a week -- a good reason. it really matters about everybody. that is what is fair. [applause] briefly, i do not have time to go into it, but health care, 1/6 of our economy. if the government can control that, they can control just about everything. we need to understand what is going on. there are much more economic models that can be used to give as good health care than what we have now. we were asleep at the wheel to let it happen. we have to find a way to make it work. if we have to work within the frameworks of the affordable health care act, fine. if we can find a way to fund it, fine. 80% of the encounters between a patient and a health-care provider could easily be handled by a health savings accounts. [applause] 80% of the encounters with of the need to insinuates a third party or a bureaucracy that sucks out 1/3 of the money. we can use bridge insurance and catastrophic insurance. some of them, i do not want to call them morons, but they are similar to that. read the book. obviously,
if you come talk about raising taxes, you are raising taxes on everybody and you better have a week -- a good reason. it really matters about everybody. that is what is fair. [applause] briefly, i do not have time to go into it, but health care, 1/6 of our economy. if the government can control that, they can control just about everything. we need to understand what is going on. there are much more economic models that can be used to give as good health care than what we have now. we were...
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Mar 15, 2013
03/13
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CSPAN
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in the tax code. ms. murray provides few details, however. the real tax increase is closer to $1.5 trillion, but because the budget owe mitts $480 billion in unspecified taxes to replace sequestration and $100 billion to offset the cost of new stimulus. new stimulus. spending, mr. speaker is the problem. the house budget puts us on a track to in the just a balanced budget within 10 years but paying back every penny of debt that we borrow from americans and the world. and the senate budget has yet to pass committee, remains to be seen if they pass it in the senate, but the proposal is to increase spending and increase taxes. we're not up here bickering about what -- how to name a post office, mr. speaker, or whether or not we ought to meet on tuesdays or thursdays or fridays. we're up here arguing about whether the future of the republic, whether opportunity for our children and grandchildren lies in a future where we have paid back all of your debts or lies in a future where you allow those debts to r
in the tax code. ms. murray provides few details, however. the real tax increase is closer to $1.5 trillion, but because the budget owe mitts $480 billion in unspecified taxes to replace sequestration and $100 billion to offset the cost of new stimulus. new stimulus. spending, mr. speaker is the problem. the house budget puts us on a track to in the just a balanced budget within 10 years but paying back every penny of debt that we borrow from americans and the world. and the senate budget has...
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Mar 16, 2013
03/13
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FOXNEWSW
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cut after tax income by almost 3 trillion dollars and reduce household income overall by well over 2 grand. and harry reid says the ryan budget is extreme? to weigh in, kirsten powers and co-host of "the five" dana perino. mike crapo, the senator from idaho asked the budget staff, what about the budget? we haven't seen the details, what do you make of it, what's the cuts and deficit reduction and i'm quoting now, it's zero in the first year in total said a member of that state to the senator. they're not trying, right? zero? >> well, i don't know why anybody's really shocked by this. after all we've heard from many leaders in the democratic party that they don't even think there is a spending problem. so, and the president has made pretty clear that cutting the deficit isn't his top priority. so, you know, i mean i actually don't share that point of view and i think there are democrats who don't share that point of view, but the fact of the matter is the people who are leaders of the democratic party today have been pretty clear they're in the sort of paul krugman camp of this is not
cut after tax income by almost 3 trillion dollars and reduce household income overall by well over 2 grand. and harry reid says the ryan budget is extreme? to weigh in, kirsten powers and co-host of "the five" dana perino. mike crapo, the senator from idaho asked the budget staff, what about the budget? we haven't seen the details, what do you make of it, what's the cuts and deficit reduction and i'm quoting now, it's zero in the first year in total said a member of that state to the...
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Mar 17, 2013
03/13
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governor jeb bush was in office he cut taxes on floridians by $20 billion. let's talk abut the size of government. ronald reagan was in the white house he dramatically reduce the rate of growth in federal spending and strove to reduce the size of the federal government. when governor bush was in office, he vetoed more than $2.3 billion in earmarks for higher state spending and reduce the size of the state government payroll a 13,000. when ronald reagan cut taxes and reduce the side of the government on the national level he did it with a purpose in mind. it was to spur the free market, create opportunity and provide incentives for businesses to grow. in his years in office over 20 million new jobs were created governor bush's state of florida is similar philosophy and economic or grams created a thriving state economy for 1.4 million new net jobs were added during his time in office. there are other fundamental report issues where the two men match. suspending the rising cost of health care improving education through accountability and school choice and as
governor jeb bush was in office he cut taxes on floridians by $20 billion. let's talk abut the size of government. ronald reagan was in the white house he dramatically reduce the rate of growth in federal spending and strove to reduce the size of the federal government. when governor bush was in office, he vetoed more than $2.3 billion in earmarks for higher state spending and reduce the size of the state government payroll a 13,000. when ronald reagan cut taxes and reduce the side of the...
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Mar 19, 2013
03/13
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FBC
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you know, there are the taxes on assets, tax that are on insurance companies that are getting passed to consumer and you know maybe down the line there will be questionable taxes on savings accounts. you never know what the united states will do. neil: all i know, they are a heck of a lot more ways to be create testify get money than spending, very good points thank you, mike rigs in washington. >> to mike a point, the problem with small nation going after its citizens bank deposits, other bigger nations see how it goes, and markets world over fear all far it goes, which could explain why so many markets were tajing oing tankins thing. joe perry. and -- joe, what do you think? >> i think it is jjst as you said, this has been going on, for a while. and the bigger government gets, the more intrusive it gets it has been in your pockets, my pockets, my banks pockets by depositors pockets, large and small. what is happening now, like a story we use in banking called boiling a frog, you want to boil a frog, if you put him in boiling water he will jump out and complaint, this is what is hap
you know, there are the taxes on assets, tax that are on insurance companies that are getting passed to consumer and you know maybe down the line there will be questionable taxes on savings accounts. you never know what the united states will do. neil: all i know, they are a heck of a lot more ways to be create testify get money than spending, very good points thank you, mike rigs in washington. >> to mike a point, the problem with small nation going after its citizens bank deposits,...
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Mar 21, 2013
03/13
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>alisyn: fox news alert for you. president obama went to ramallah a short time ago to meet with palestinian president mahmoud abbas. we're there live. >> good morning. never a dull moment here in the middle east. just as the president was waking up, there were rocket sirens in southern israel. hamas, largely left out of the president's visit -- he controls the gaza strip, and they have launched four rockets into southern israel. one hit at least a house, although no injuries reported. it does show you how much israel is under fire at all times. this is some of the rocket aftermath from near the gaza strip. president obama ignored hamas and spoken only to president mahmoud abbas. they
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>alisyn: fox news alert for you. president obama went to ramallah a short time ago to meet with palestinian president mahmoud abbas. we're there live. >>...
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Mar 19, 2013
03/13
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twhos depositests less than 100,000 euros could be spared the new bill taxes. >>> and u.s. investors get another check on the housing sector with new construction permits due later today. >>> reuters is now telling us that cyprus has reviewed a draft cypriot bill. it includes a levy spares thog those accounts of less than 20,000 euros from a tax in cypress. it would levy 6.5% on those between 20,000 and the 120,000 euros. it's waiting to see whether there would be additional levies on the counts of above 250,000 euros. i'm not sure if the math adds up to what cyprus needs to contribute so it would agree with european lenders. what's interesting about this is 6.75%, again, roughly consistent with what we were hearing prior to the fact that the international community wanted smaller deposit holders to be spared. those under 20,000 euros would be. but those between 120,000 paying 6.75% and crucially we know cypress didn't want this double digit tax increase on bigger accounts, this would keep the levy at 9.9% for deposits above 100,000 euros. potentially some pressure from the
twhos depositests less than 100,000 euros could be spared the new bill taxes. >>> and u.s. investors get another check on the housing sector with new construction permits due later today. >>> reuters is now telling us that cyprus has reviewed a draft cypriot bill. it includes a levy spares thog those accounts of less than 20,000 euros from a tax in cypress. it would levy 6.5% on those between 20,000 and the 120,000 euros. it's waiting to see whether there would be additional...
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Mar 18, 2013
03/13
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it is tax time. melissa: it is tax time. it is always tax time. lori: they're probably going up. the corporations are feeling the burden as you so eloquently explained to us and so are you the consumer, mom-and-pop. 6 trillion hours, that is how many hours americans will spend trying to comply with the tax code in an effort to file their individual returns. with four weeks to go until taxes are due, our own cheryl casone is looking at the tax pain in a special week-long series. the focus is how the wealthier handle filing fees. a lot more rules. >> who better to ask, right, what are wealthy americans doing? what are small businesses doing to combat with, not just filing in 2012, there will be a few changes but what will you do for 2013. how will you structure what you're paying and not paying now? what deductions are you looking at that will take effect next year that save you on the tax bill? that is crucial. we wanted to go to experts to find out what the wealthy are doing. we had scott hodge from the tax foundation, talking about this exact issue. one of the things in research
it is tax time. melissa: it is tax time. it is always tax time. lori: they're probably going up. the corporations are feeling the burden as you so eloquently explained to us and so are you the consumer, mom-and-pop. 6 trillion hours, that is how many hours americans will spend trying to comply with the tax code in an effort to file their individual returns. with four weeks to go until taxes are due, our own cheryl casone is looking at the tax pain in a special week-long series. the focus is how...
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Mar 16, 2013
03/13
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new jersey republican chris christie was no federal government tax and spend liberal but when hurricane sandy devastated his and other states he became one of the most vocal advocate for the government to spend billions of dollars immediately to help out his and other states. for his republican governor rick scott, who spent years and millions of dollars of his own money fighting obama care tooth and nail now says he supports that law's expansion of medicaid in his state. the governor said his change of heart came when his own elderly mother died last year. empathy, especially in elected officials, is a good thing. but there is also something frustratingly blinkered and limited about this form of persuasion. if it's going to take every anti-gay politician having a gay son for gay people to be treated like other human beings in this country then equal rights are going to take longer to achieve than they should. that's why this is still necessary. in order for change to happen. things that turn those moments of personal empathy into civil rights advancements. that's the work of activists.
new jersey republican chris christie was no federal government tax and spend liberal but when hurricane sandy devastated his and other states he became one of the most vocal advocate for the government to spend billions of dollars immediately to help out his and other states. for his republican governor rick scott, who spent years and millions of dollars of his own money fighting obama care tooth and nail now says he supports that law's expansion of medicaid in his state. the governor said his...
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Mar 16, 2013
03/13
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surprisingly, 16% said we should raise taxes and cut spending. obviously, they did not hear coulter -- ann coulter's speech about what happened last time we agree to spending cuts. he thought we should do targeted cuts and not across the board cuts. you do not want to see defense cuts or military cuts across the board like everything else. now we get to a couple more controversial questions. what do you think the u.s. role should be in the world today. as you can see, half of you think we should take a step back and let our allies around the and for themselves. a little more than 1/3 of us still favor a more muscular where the u.s. helps provide defense for its allies. almost one out of five are on the fence on this issue. this issue is going to play itself out over the next several years inside the party and inside the movement. something that one of the speakers made him so famous on is the use of drones. the federal government using drones. overwhelmingly, you oppose using combat andtarget non- who are u.s. citizens to either kill them or to s
surprisingly, 16% said we should raise taxes and cut spending. obviously, they did not hear coulter -- ann coulter's speech about what happened last time we agree to spending cuts. he thought we should do targeted cuts and not across the board cuts. you do not want to see defense cuts or military cuts across the board like everything else. now we get to a couple more controversial questions. what do you think the u.s. role should be in the world today. as you can see, half of you think we...
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Mar 19, 2013
03/13
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, massive tax hike. number two, half a trillion dollars more in big-government spending. number three, 42% more debt with each american owing $73,000. and more than 600,000 lost jobs. here's what we won't get: we won't get balance, just more and more unbalanced tax hikes. we won't get the kind of deficit reduction our country needs, just more spending to enrich the washington establishment at the expense of main street. we won't get more jobs or a better economy or sensible reforms to prevent medicare or social security from going bankrupt. and we certainly won't get a balanced budget. not only does the senate democrat budget never balance, ever, but top washington democrats now say they simply don't care about balancing the budget anymore. they just don't care about that. well, americans do. a party that once cared about hard-working american families seems to have gone off the leftmost edge of the reservation with this budget. d.c. democrats' priorities are so far removed from the actual needs of middl
, massive tax hike. number two, half a trillion dollars more in big-government spending. number three, 42% more debt with each american owing $73,000. and more than 600,000 lost jobs. here's what we won't get: we won't get balance, just more and more unbalanced tax hikes. we won't get the kind of deficit reduction our country needs, just more spending to enrich the washington establishment at the expense of main street. we won't get more jobs or a better economy or sensible reforms to prevent...
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Mar 14, 2013
03/13
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there will be tax hikes come, they are going to call it tax reform. there will be entitlement cuts they are going to say it's smarter or fairer or prolonging the life of the programs. this is the game that's going on. will there be a grand bargain or a little bargain? i suspect it's smaller. there's a deal working through the course. >> we have gone from there has to be a deal, this is a disaster, you can't allow the sequester to happen to the sequester happened and there's the president saying well, ultimately, if we can't get a deal -- they are saying things that include the possibility there won't be a deal and the sequester will be what we live with here. >> he's saying it's not the end of the world if we don't reach a grand bargain. i had hope the sequester was something that shifted the fundamental calculus. it came and went. on the democratic side, they feel the cuts are too severe, which they are. on the republican side, there's a lot of discomfort. a lot of them are comfortable cutting the defense department. republicans with districts where
there will be tax hikes come, they are going to call it tax reform. there will be entitlement cuts they are going to say it's smarter or fairer or prolonging the life of the programs. this is the game that's going on. will there be a grand bargain or a little bargain? i suspect it's smaller. there's a deal working through the course. >> we have gone from there has to be a deal, this is a disaster, you can't allow the sequester to happen to the sequester happened and there's the president...
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Mar 18, 2013
03/13
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a tax on money already in the bank. that prompt immediate backlash. [chanting] protesters making known their opinions outside othe parliament building. the major stock market indices in europe all fell about half a percent. the dow dropped more than 100 points at the opening bell today it actually recovered at midday. briefly entered positive territory before pulling back at the end. at the closing bell the dow was down 62. the nasdaq 11, the s&p 9. late in the day, the u.s. treasury a second jack lou said he is closely monitoring the situation in cypress. and is speaking with his european counterparts. gerri willis from the fox business network is also following this from her studios tonight. what is the situation in cypress now. parliament is going to vote tomorrow on what they're going to do. they have heard outrage from all over the world. people are angry not just in cypress but other parts of the eu and really all over the planet. the idea that they are probably going to follow although the vote is really too close to call right now, finance min
a tax on money already in the bank. that prompt immediate backlash. [chanting] protesters making known their opinions outside othe parliament building. the major stock market indices in europe all fell about half a percent. the dow dropped more than 100 points at the opening bell today it actually recovered at midday. briefly entered positive territory before pulling back at the end. at the closing bell the dow was down 62. the nasdaq 11, the s&p 9. late in the day, the u.s. treasury a...
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Mar 15, 2013
03/13
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don't have to put all of the burden on seniors and the middle class while giving a massive, massive tax cut yet again to the wealthiest folks. the president felt very good about his meetings. he a great session with senate republicans yesterday and you saw numerous quotes i think from senate republicans that reflected the fact that it was a good meeting and a constructive meeting and there really is the potential for common ground. but the differences are large and they remain large do get back to your point, when it comes to deficit reduction, it may be that the gab is too wide to reach a deal. the president hopes that's not the case, but we'll see, it's certainly worth having this engagement to try to find common ground. >> why did it take so long? i know you're going to say he's met with them before. but it's commonly accepted, and this is not just conventional wis ddom that dennis mcdonough s made a difference, this is outreach to members whom he's never met before, republicans. >> well i mean the members he hadn't met before or hadn't heard him speak, this is a fourth meeting the p
don't have to put all of the burden on seniors and the middle class while giving a massive, massive tax cut yet again to the wealthiest folks. the president felt very good about his meetings. he a great session with senate republicans yesterday and you saw numerous quotes i think from senate republicans that reflected the fact that it was a good meeting and a constructive meeting and there really is the potential for common ground. but the differences are large and they remain large do get back...
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Mar 18, 2013
03/13
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CNBC
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the new tax on deposits, let's call it what it is, a wealth tax, has americans worrying about other tax havens. more than $20 trillion held around the world in offshore havens. their favorite tax havens are in the caribbean. namely the cayman islands, bahamas, british virgin islands. globally the channel islands, monaco, switzerland and swing pore. caribbean countries in much better financial shape and more stable legal systems than cyprus. the capital structure of some of these offshore banks remains a mystery. governments in the tiny island nations are notoriously prone to corruption and sudden policy shift. many say cyprus isn't likely to repeat soon. the crisis is another reason offshoring may become more risky for the world's wealthy. >> thank you so much, robert frank. >>> i'll talk exclusively with john thain next. >>> the potential for europe crisis to spread here. >>> later, march madness is here. should you keep your portfolio on the bench during the tournament? stay with us. but we can still help you see your big picture. with the fidelity guided portfolio summary, you choose
the new tax on deposits, let's call it what it is, a wealth tax, has americans worrying about other tax havens. more than $20 trillion held around the world in offshore havens. their favorite tax havens are in the caribbean. namely the cayman islands, bahamas, british virgin islands. globally the channel islands, monaco, switzerland and swing pore. caribbean countries in much better financial shape and more stable legal systems than cyprus. the capital structure of some of these offshore banks...
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Mar 18, 2013
03/13
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>> warren buffett pays corporate taxes. >> he himself says he is paying less taxes than his secretary. >> when you look at that and the portrait of the own tax liability. fair enough. >> you take that case up with warren buffett. that's what he is saying. and when you look at sort of where corporate america is sort of profiting and american middle class wages are stagnant, you can't look at this and say that's fair. >> i agree. high corporate profits are a problem. regulation exacerbate that's problem and limits at built of startups to take on the companies. that's why even in mexico taker taking on the version of warren buffett for the very good reason that's the way you get jobs and growth by having more entrepreneurship and more growth and high corporate tax that are biassed towards the ges and buffets of the world is a burden. >> it's a weird argument to say we need more regulation when corporates a corporations are sitting on record profits. >> that happens to be true. >> gentlemen, thank you both very much. still "out front," new revelations about the teenage wloer killed 26 peo
>> warren buffett pays corporate taxes. >> he himself says he is paying less taxes than his secretary. >> when you look at that and the portrait of the own tax liability. fair enough. >> you take that case up with warren buffett. that's what he is saying. and when you look at sort of where corporate america is sort of profiting and american middle class wages are stagnant, you can't look at this and say that's fair. >> i agree. high corporate profits are a problem....
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Mar 15, 2013
03/13
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that's not tax reform. [applause] >> this white house has an insatiable appetite for revenues and more taxes. enough is enough. when it comes to education, what the dem credits extol the virtues of our one-size, fits all fact through r school where the child follows the dollar, and mean while let's support the education where the dollars follow the child. [applause] >> we had a union leader in louisiana who said that parents don't have a clue when it comes to making choices for their children. that's debate we need to have as a country. i melt with a group of moms and they say we make choices for our children every day. we know needs of our children better than the bureaucrat in baton rouge and washington, dc. that's the conversation we need to have today. these are just a couple of examples but we must fight the battle of idea or as margaret thatcher said, this is how we must win the argument. as i close, let me just share with you this. let me make this observation. america's facing her greatest choice. a
that's not tax reform. [applause] >> this white house has an insatiable appetite for revenues and more taxes. enough is enough. when it comes to education, what the dem credits extol the virtues of our one-size, fits all fact through r school where the child follows the dollar, and mean while let's support the education where the dollars follow the child. [applause] >> we had a union leader in louisiana who said that parents don't have a clue when it comes to making choices for...
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Mar 20, 2013
03/13
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KGO
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>> as mentioned before, tax time is coming up. if you have question wez have people who have answers. >> 7 on your side is here to help. everybody is taking questions right now. michael? >> i'm glad you're there. i'm glad you're helping as soon as we gave out a telephone number, all experts started -- their phones started ringing. we've got 153 and california society of enrolled agents. we have united way joining me. in the name of the program fofr low income folks is... >> what is it that you do? >> a joint pro secretary for -- project for the irs, linked to other organization that's do other things for low income people. >> you make sure they get every last dime and that they're treated well. >> tax return is the first thing z if they have money to save, which many low income people don't anything that can be done for them is done. >> and gempeople get a hold of you how? >> the united way web site. >> i can't tell you all of the great feed back we've received from that. let me give you the telephone number again. we'll be here u
>> as mentioned before, tax time is coming up. if you have question wez have people who have answers. >> 7 on your side is here to help. everybody is taking questions right now. michael? >> i'm glad you're there. i'm glad you're helping as soon as we gave out a telephone number, all experts started -- their phones started ringing. we've got 153 and california society of enrolled agents. we have united way joining me. in the name of the program fofr low income folks is......
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Mar 20, 2013
03/13
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these are all legitimate talk -- topics, taxes, spending, appropriation. what what do we want to spend our money on? my wife and i do this all the time. are we going to spend money to take this kid here or to get this car replaced? we have to do that from the country's perspective. we look for it in the military. one thing i'm concerned about ash we hear a lot of discussion on the use of drones -- one thing i'm concerned about -- we hear a lot of discussion about the use of drones. the bottom line is that all of these mechanical, all of the technology is great, but there are still men and women who have to run them. they still have to be on the front lines. at some point in time, there will be more boots on the ground somewhere, just as there are right now. host: should that happen in syria? boots on the ground? guest: i'm very concerned about what is happening, especially concerning reports of chemical weapons. will have to do more than just take this cursory look at it. i'm very concerned about foreign policy that says we will dabble here and dabble ther
these are all legitimate talk -- topics, taxes, spending, appropriation. what what do we want to spend our money on? my wife and i do this all the time. are we going to spend money to take this kid here or to get this car replaced? we have to do that from the country's perspective. we look for it in the military. one thing i'm concerned about ash we hear a lot of discussion on the use of drones -- one thing i'm concerned about -- we hear a lot of discussion about the use of drones. the bottom...
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Mar 16, 2013
03/13
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. the longest 4g lte battery in a razr thin profile. with 32 hours of battery life that turns an all-nighter, into a two-nighter. the droid razr maxx hd by motorola. droid-endurance. droid-powerful. >> rick: 33 minutes after the hour. here are your top headlines. rand paul taking the top spot in the cpac presidential straw poll. florida senator marco rubio coming in a close second. the conference features -- it's just wrapping up. >> arthel: now reports that north korea test fired a pair of short-range missiles. that's according to south korean military officials. the launch comes during u.s. and south korean joint military exercises. >> rick: defense secretary chuck hagel opening a new
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. the longest 4g lte battery in a razr thin profile. with 32 hours of battery life that turns an all-nighter, into a two-nighter. the droid razr maxx hd by motorola....
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Mar 13, 2013
03/13
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KGO
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deficit reduction with a combination of entitlement reform, some judicious spending cuts, closing some tax loopholes that nobody really defends on their own and that's what i've been talking about for the last two years. >> that commonsense caucus on the republican side, lindsey graham, kelly ayotte, other senate republicans say you see a lot more entitlement reform from you before they can sign on to any new revenues like putting -- raising the medicare eligibility age back on the table. is that back on the table? >> well, one of the things, you know, that i've discovered in some of these dinners, which is useful, people don't actually know what i proposed and it's a lot easier to have a conversation when there's something specific. >> even those who have seen your plans say they need to see more. >> i understand which at some point i take myself out of this. what i'm trying to do is create an atmosphere where democrats and republicans can go ahead, get together and try to get something done but ultimately it may be that the differences are just too wide. if their position is we can't do
deficit reduction with a combination of entitlement reform, some judicious spending cuts, closing some tax loopholes that nobody really defends on their own and that's what i've been talking about for the last two years. >> that commonsense caucus on the republican side, lindsey graham, kelly ayotte, other senate republicans say you see a lot more entitlement reform from you before they can sign on to any new revenues like putting -- raising the medicare eligibility age back on the table....
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Mar 14, 2013
03/13
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most middle tax payers would see their tax rate go down. but to be quite a bit of reduction depending on where you are in the tax bill. i do not see anything in here. i read the entire bill. i do not see anything the home mortgage reduction or charitable giving. i do not say those things in here. i do not know what the ways and committee will do with this instruction. i'm not sure what and not a resolution of let's not raise taxes on the middle class effectively does. i would encourage my colleagues at his point to impose the amendment and just adopt a budget as written. i yield back. >> thank you. i yield 10 minutes to my friend from indiana. >> thank you. i do not believe there should be tax increases on anyone the matter their income levels. the best thing we can do is turn the economy around and create jobs and poor money back into this economy. our budget -- and pour money back into this economy. additional taxes on anyone damages the economy. let me see a quick story about my area in indiana. when i go home and i have conversations wi
most middle tax payers would see their tax rate go down. but to be quite a bit of reduction depending on where you are in the tax bill. i do not see anything in here. i read the entire bill. i do not see anything the home mortgage reduction or charitable giving. i do not say those things in here. i do not know what the ways and committee will do with this instruction. i'm not sure what and not a resolution of let's not raise taxes on the middle class effectively does. i would encourage my...
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Mar 13, 2013
03/13
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KGO
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was authentic. >> today democrat lawmakers unveiled their budget blueprint with $975 billion in new tax rev few. democrats say that could be achieved by closing loopholes. republican house plan aims to cut spending by $5 trillion including no tax increases and eliminates annual deficit by the year 2023. >> a 6th grade class in iowa has begun a campaign to reopen the doors to the white house to the public. this you tube video is part of the campaign. they want people to call and e mail the white house to restore the tours. the students were scheduled to visit during their spring break but public tours were cancelled last saturday because of secret service furloughs. now, the president tells abc news he's talking about resuming some tours. >> i'm asking them are there ways for us to accommodate school groups who may have travelled here with bake sales can we make sure that kids potentially can still come to tour. >> children are head together nation's capital a week from friday after months of fund raising to pay for the trip. you can imagine how excited they must have been. dispatting. >
was authentic. >> today democrat lawmakers unveiled their budget blueprint with $975 billion in new tax rev few. democrats say that could be achieved by closing loopholes. republican house plan aims to cut spending by $5 trillion including no tax increases and eliminates annual deficit by the year 2023. >> a 6th grade class in iowa has begun a campaign to reopen the doors to the white house to the public. this you tube video is part of the campaign. they want people to call and e...
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Mar 15, 2013
03/13
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but about six months ago, i said these laws are doing more harm than good and i support tax and regulating marijuana. so it turns out i'm the only statewide official, democrat or republican, in california that supports that position. >> jimmy: and you're high right now. >> i saw ziggy in the back. [ laughter ] i was looking for that justin bieber gas mask. you haven't been back there. >> jimmy: yeah, i can't go back there before the show. bad things will happen. >> he convinced me. ziggy convinced me. >> jimmy: have you found that your supporters have changed since you -- >> i haven't been re-elected yet, so we'll see what happens. i remember nine years ago, 30%, 35% of americans supported marriage equality. now over 50%. for politicians, here's the fundamental. you can read the polls or you can change the polls. you can look back and say would have, could have, should have. i think people want more authenticity and leadership. right now we have politicians quarreling, not leading. they need to demonstrate through real commitment that they want to change things and not just wait for the ap
but about six months ago, i said these laws are doing more harm than good and i support tax and regulating marijuana. so it turns out i'm the only statewide official, democrat or republican, in california that supports that position. >> jimmy: and you're high right now. >> i saw ziggy in the back. [ laughter ] i was looking for that justin bieber gas mask. you haven't been back there. >> jimmy: yeah, i can't go back there before the show. bad things will happen. >> he...
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Mar 19, 2013
03/13
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tax reform to hide a tax increase and peer at ickley politicians in tax reform is that what they mean is they want to raise tax reform. there are two ways, raise the rates or broaden the base without bringing the rates down. no raising the rates and if you want to get reductions in credit that's great. bring the rates down dollar for dollar. that is what ryan does in the ryan plan is perfectly consistent. >> host: let's bring in chris from florida on the republican line. good morning chris. you were on with grover norquist. >> caller: thank you. thank you for c-span. mr. norquist, i think there is a big problem. perception is everything when it comes to marketing and it's the perception that the democrats are able to get across because the democrats, they know their audience and they know who their pandering to. and they treat them like stupid children. i will give you an example. you remember when the bush tax cuts first came out and tom daschle and dick gephardt were the minority leaders. they didn't have anything. they didn't have the house and they didn't have the senate or the wh
tax reform to hide a tax increase and peer at ickley politicians in tax reform is that what they mean is they want to raise tax reform. there are two ways, raise the rates or broaden the base without bringing the rates down. no raising the rates and if you want to get reductions in credit that's great. bring the rates down dollar for dollar. that is what ryan does in the ryan plan is perfectly consistent. >> host: let's bring in chris from florida on the republican line. good morning...
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Mar 15, 2013
03/13
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CNBC
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what the fed giveth the tax man takes away. state taxes going up. fed level taxes going up. you're getting bidding wars in markets that were depressed. that's good news. you'll see new construction. that's so less verdict in the economy. that would be good news. look, in some cases you see people waiving mortgage contingencies. that's confidence that's been pent up. it's not widespread yet. >> housing is the single biggest story and -- >> house -- you're so right. >> i don't think this is a 6% growth economy but housing could get us to 3% growth which would -- jim you're the best. larry good to see you again. up next the once hidden tax cost of obama care keep coming out of the wood work like cockroaches. we got details on the latest massive tax just discovered from a monday regulation. stay with us to hear this story. it's a phoenix with 4 wheels. it's a hawk with night vision goggles. it's marching to the beat of a different drum. and where beauty meets brains. it's big ideas with smaller footprints. and knowing there's always more in the world to see. it's the all-new lin
what the fed giveth the tax man takes away. state taxes going up. fed level taxes going up. you're getting bidding wars in markets that were depressed. that's good news. you'll see new construction. that's so less verdict in the economy. that would be good news. look, in some cases you see people waiving mortgage contingencies. that's confidence that's been pent up. it's not widespread yet. >> housing is the single biggest story and -- >> house -- you're so right. >> i don't...
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Mar 21, 2013
03/13
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in washington, maybe, depending on global warming, h&r block commercials making you worry about your taxes, and making everyone fill out an ncaa bracket. these are the ties that bind. >>> the house tea party caucus >> you know what, we as a world are going through a dire state, we need to address it, maybe i
in washington, maybe, depending on global warming, h&r block commercials making you worry about your taxes, and making everyone fill out an ncaa bracket. these are the ties that bind. >>> the house tea party caucus >> you know what, we as a world are going through a dire state, we need to address it, maybe i
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Mar 13, 2013
03/13
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everyone was fretting about higher income taxes for the rich and higher payroll taxes for everybody and not to mention the sequester. is that supposed to be hurting the economy big? at the moment there's a much more important metric to follow and i've been on this concept in mad money and that's household wealth. right now the price of the homes, is rising just about everywhere. almost 90 million people in the country own stocks and the stock market's on fire. they no question that on average the consumer is feeling wealthy. when brian interviewed him today and he's the home depot ceo, he said the same thing, why don't we listen to him, but there's wealth and then there's wealth. i reference the stock that leo tolstoy, and i'm a firm believer in some of the writings of f. scott fitzgerald that the rich are different from you and me, with, in this case, me. i want to get a read on how the rich are feeling. not that i care about their feelings, if they aren't happy, it's their own darn fault and they have a lot of money and there's's whole tier devoted to selling things to the wealthy or
everyone was fretting about higher income taxes for the rich and higher payroll taxes for everybody and not to mention the sequester. is that supposed to be hurting the economy big? at the moment there's a much more important metric to follow and i've been on this concept in mad money and that's household wealth. right now the price of the homes, is rising just about everywhere. almost 90 million people in the country own stocks and the stock market's on fire. they no question that on average...
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Mar 16, 2013
03/13
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we have a broken tax code. [applause] the president and senate democrats, they just want to keep increasing taxes, making it harder and harder for our small businesses to hire and grow and put people to work in this country. .ur nation is drowning in debt and we have had a four straight years of $1 trillion deficits. will tell you all why i ran for office -- i am blessed to be the mother of two wonderful b.ildren here, kate and jaco what is happening in washington, it is not just that we continue to spend money that we do not have, but we are essentially robbing our children of the american dream. [applause] i know that you have heard at this important conference about these fiscal challenges, and you have heard it from great leaders who have spoken before me, and you will hear it from great leaders who will speak after me. that we needthem to fix this kissell mess that we are in. right,o not get this then america's greatness is truly endangered. today i want to speak with threatut another great that our nation
we have a broken tax code. [applause] the president and senate democrats, they just want to keep increasing taxes, making it harder and harder for our small businesses to hire and grow and put people to work in this country. .ur nation is drowning in debt and we have had a four straight years of $1 trillion deficits. will tell you all why i ran for office -- i am blessed to be the mother of two wonderful b.ildren here, kate and jaco what is happening in washington, it is not just that we...